The typical owner-occupied home in Emporia city is worth about $148,500, 61% below the Virginia median of $383,700 and 55% below the national median of $332,700. Owners pay a median $1,171 a year in property taxes, about 0.79% of their home's value, higher than the Virginia rate of 0.73%. The median household earns $51,899 a year, so the median home costs 2.9 times the median income (4.1 times for Virginia). 38% of occupied homes here are lived in by their owners, and 50% of those owners still have a mortgage.
Emporia city at a glance
| Emporia city | Virginia | U.S. | |
|---|---|---|---|
| Median home value | $148,500 | $383,700 | $332,700 |
| Median property tax paid per year | $1,171 | $2,790 | $3,119 |
| Property tax as a share of value | 0.79% | 0.73% | 0.94% |
| Median household income | $51,899 | $93,170 | $80,734 |
| Homes lived in by their owners | 38% | 67% | 65% |
| Owner homes with a mortgage | 50% | 67% | 61% |
| Median monthly costs, owners with a mortgage | $1,699 | $2,127 | $1,963 |
| Those costs as a share of the owners' income | 18.4% | 20.1% | 21.0% |
| Median rent | $1,037 | $1,579 | $1,413 |
| Rent as a share of renters' income | 28.8% | 29.4% | 30.6% |
| Median year homes were built | 1959 | 1984 | 1980 |
| Vacant homes | 20.9% | 8.7% | 10.1% |
| Population | 5,547 | 8,705,170 | 334,922,499 |
What a typical home costs per month in Emporia city
At this week's average 30-year rate of 7.11%, buying the median Emporia city home of $148,500 with 20% down costs about $959 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,206, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $41,092 for the 20%-down payment. That payment is 22% of the median Emporia city household income of $51,899; at that income and 20% down, the 28% guideline points to a home of about $188,000.
The median rent here is $1,037 a month, a little more than the monthly cost of owning the median home with 20% down.
| Down payment | $29,700 |
|---|---|
| Loan amount | $118,800 |
| Principal and interest | $799 |
| Property taxes (0.79% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| PMI | $0 |
| Total per month | $959 |
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| Down payment | $5,198 |
|---|---|
| Loan amount | $145,810 |
| Principal and interest | $981 |
| Property taxes (0.79% a year) | $98 |
| Homeowners insurance (our estimate, 0.5% a year) | $62 |
| FHA mortgage insurance | $66 |
| Total per month | $1,206 |
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Questions about home buying in Emporia city
What is the median home value in Emporia city?
About $148,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Emporia city?
Homeowners pay a median $1,171 a year, which is about 0.79% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Emporia city?
For the median home with 20% down at 7.11%, the payment is about $959 a month. Keeping that under 28% of gross income takes about $41,092 a year.
More about Emporia city
- Mortgage Refinance in Emporia city
- Debt Relief in Emporia city
- Home Equity Loans in Emporia city
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data